Australian businesses are “completely unprepared” for cyber attacks or data breaches, with reported incidents increasing by more than 700 per cent since February last year, costing the nation $7.8 billion, a report has revealed.
that Australia had become a “testing ground” for hackers trying new kinds of malicious software, as a result of failing to take cyber security seriously. In June it was revealed China was the key suspect in the theft of 19 years’ worth of highly sensitive personal data from the Australian National University, including bank numbers, tax details, and academic records, although research work was reportedly not affected.
He pointed to Chinese hacking group APT10, who were linked to a sustained attack on data storage service providers dating back to 2014, which sought intellectual property from industries such as finance, healthcare and biotech. According to cyber security firm CrowdStrike, once the credentials of a company have been compromised it can take just 20 minutes for an attacker to begin moving through a network, while on average, a hacker has an individual’s information for 188 days before they know.
LucyCormack Great advertorial!😅 'Business finds a problem to sell you the solution!' - headline fixed now. 'Hackers, organised crime groups and bad actors working on behalf of foreign governments, such as China, Russia or Iran, are targeting Australia' - says the US, so likely untrue.
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